Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

Most Asian currencies remained stable on Friday as the dollar held steady at more than two-month highs due to strong economic data, which reinforced expectations of smaller interest rate cuts. Regional markets were largely unaffected by Chinese gross domestic product data showing expected growth in the third quarter. The yuan slightly strengthened after the data … Read more

Market Wrap: Wall Street Reduces Bets on Fed Rate Cuts due to Strong Economic Data

Market Wrap: Wall Street Reduces Bets on Fed Rate Cuts due to Strong Economic Data

(Bloomberg) — The largest bond market in the world experienced a decline after a strong retail sales report led traders to reduce their expectations for Federal Reserve interest rate cuts this year. The Treasury yields rose as the positive economic data raised doubts about the speed at which the central bank would ease its policy. … Read more